Matson now separated from Alexander & Baldwin

JULY 2, 2012 — Alexander & Baldwin Holdings, Inc. (NYSE: ALEX) has completed its previously announced plan to separate its land and transportation businesses into two stand-alone, publicly traded companies.

From today, Jones Act shipping operator Matson, Inc. is trading on the New York Stock Exchange under the ticker symbol MATX.

Matthew Cox, president of Matson, Inc., has assumed the role of Matson's CEO

Headquartered in Honolulu, Matson has a fleet of 17 Jones Act ships, and is the leading U.S. carrier of goods in the Pacific.